1059 S Manhattan Pl | Los Angeles, CA 90019
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1059 S Manhattan Pl
Los Angeles, CA 90019
Manhattan Apartments · Multifamily Property For Sale · 43 Units
PROPERTY FACTS
| No. Units | 43 | Lot Size | 0.21 AC |
| Property Type | Multifamily | Building Size | 30,164 SF |
| Property Subtype | Apartment | Average Occupancy | 98% |
| Apartment Style | Mid Rise | No. Stories | 4 |
| Building Class | C | Year Built | 1928 |
| No. Units | 43 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 30,164 SF |
| Average Occupancy | 98% |
| No. Stories | 4 |
| Year Built | 1928 |
Unit Amenities
- Heating
- Kitchen
- Hardwood Floors
- Oven
- Range
Site Amenities
- Controlled Access
- Laundry Facilities
- Property Manager on Site
About 1059 S Manhattan Pl , Los Angeles, CA 90019
43 unit building building in the heart of Koreatown,this 1920's brick building resides one block west of Western.Four of the studios are actually bachelor units, and one of the bachelor units is currently occupied by the on site manager. Currently offered at 4.55% cap rate at 12.45 GRM. The owner will be able to raise rents by 6% annually effective July 1, 2019! (master metered for gas & electricity). Significant upside potential through continued renovations and turnover.
PROPERTY TAXES
| Parcel Number | 5080-002-011 | Improvements Assessment | $2,198,013 |
| Land Assessment | $6,433,212 | Total Assessment | $8,631,225 |
PROPERTY TAXES
Parcel Number
5080-002-011
Land Assessment
$6,433,212
Improvements Assessment
$2,198,013
Total Assessment
$8,631,225
zoning
| Zoning Code | R1, Los Angeles |
| R1, Los Angeles |
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